Golden Triangle Mall

Golden Triangle Mall

The mall in November 2007
Location Denton (Denton County), Texas, USA
Coordinates 33°11′17″N 97°06′34″W / 33.1879577°N 97.1093065°W / 33.1879577; -97.1093065Coordinates: 33°11′17″N 97°06′34″W / 33.1879577°N 97.1093065°W / 33.1879577; -97.1093065
Opening date 1980
Management Cencor Realty Services; leasing agents The Weitzman Group and the MGHerring Group
Owner GTM Development, Ltd.
No. of stores and services 60
No. of anchor tenants 7
Total retail floor area 764,719 sq ft (71,044.7 m2) total
No. of floors 1
Website shopgoldentriangle.com

Golden Triangle Mall is an enclosed, single-level, shopping mall located at the intersection of Loop 288 and I-35E in Denton, Texas. It contains 7 major anchors, a playplace, and total leasable floor area of 764,719 sq ft (71,044.7 m2) total.

A major renovation begun in 2012 that completely reconstructed the mall, adding and reconstructing amenities such as a new Food Court, a new Center Court, a performance area, mall-wide Wi-Fi, and new seating areas with charging stations. The mall has since attracted a spate of new retailers, including Buckle, Charlotte Russe, Torrid and Zumiez; along with new restaurants including Corner Bakery, Pollo Tropical, Tobu Asian and Italia Express.[1] The mall's retailers have also renovated their stores and storefronts, including JCPenney, Dillards, Victoria's Secret and Hot Topic.[2][3][4]

In March 2015, H&M announced plans to lease a 23,000-square-foot fashion anchor space in the mall, with a location near the west entrance patio and fountain area and with exterior signage and access.[5][6][7]

History

Golden Triangle Mall opened in 1980 as the first enclosed shopping mall in Denton County. The mall thrived in the 1980s, but began suffering when the much larger Vista Ridge Mall opened in Lewisville, just south on I-35E, in 1989.[8] The mall also suffered from the low-income levels in Denton due to it being a college town.[8] Denton Mall Co. sold Golden Triangle to Simon Property Group in 1999. In 2000, Golden Triangle underwent a $3.5 million renovation of its interior, including new floor tile, updated entrances, restroom facilities, and mall graphics.

In April 2006, the under-performing mall was sold to Feldman Mall Properties at an estimated $40 million with plans to invest over $30 million in renovations.[9] Plans for renovations were halted due to the proposed sale of Feldman Mall Properties and the future development of Rayzor Ranch Town Center. In June 2010, lender JPMorgan Chase & Co. announced its intention to sell Golden Triangle Mall at a foreclosure auction to recoup the $25 million that Feldman Mall Properties still owes on JPMorgan's 2006 loan to Feldman.[10][11] On September 1, 2010, Cencor Realty Services and The Weitzman Group took over management and leasing of the mall.[12]

Anchor history

The mall's anchors include Barnes & Noble, DSW Shoe Warehouse, Dillard's, JCPenney, Macy's, Ross Dress for Less, and Sears. Macy's was formerly Montgomery Ward until 2001, then Foley's from 2003 to 2006.[13][14] DSW was previously occupied by Service Merchandise, while Ross was previously a Bealls and the Dillard's Men's store was Russell's until 1989.[15][16] In 2012-2014, the new owners decided to renovate the mall. The renovations include new stores such as Buckle, Charlotte Russe, and Body Central. The mall also features a new upscale food court.

In March 2015, it was announced that clothing store H&M will be establishing a 23,000-square-foot store in the mall later in the year. [5]

See also

References

  1. ↑ "Mall attracts new businesses". www.dentonrc.com. Retrieved 2016-02-24.
  2. ↑ http://www.bizjournals.com/dallas/news/2014/04/14/dillards-plans-expansion-renovation-at-golden.html
  3. ↑ "J.C. Penney begins major redo of its store at Denton's Golden Triangle Mall". Biz Beat Blog. Retrieved 2016-02-24.
  4. ↑ "Golden Triangle Mall to retain, upgrade Dillard's". www.dentonrc.com. Retrieved 2016-02-24.
  5. 1 2 Carlisle, Candace (March 12, 2015) "H&M to put latest store in Denton's Golden Triangle Mall", Dallas Business Journal
  6. ↑ http://www.weitzmangroup.com/press_reports/golden-triangle-mall-is-reborn-h-m-opening-soon
  7. ↑ "Golden Triangle Mall is reborn, H&M opening soon". www.weitzmangroup.com. Retrieved March 16, 2015.
  8. 1 2 Waller, Susan (October 2, 1989). "First major mall in two years to open in Lewisville". Dallas Morning News. Retrieved June 16, 2010.
  9. ↑ "Feldman Mall Properties Announces Contract to Acquire Golden Triangle Mall in Suburban Dallas" (Press release). Feldman Mall Properties, Inc. Business Wire. March 14, 2006. Retrieved June 16, 2010.
  10. ↑ Wilonsky, Robert (June 16, 2010). "Sale at Denton's Golden Triangle Mall! Sorry. Make That: Golden Triangle Mall's For Sale.". Unfair Park. Dallas Observer. Retrieved June 16, 2010.
  11. ↑ Hudson, Kris (June 16, 2010). "And Then There Was One: Feldman Loses Golden Triangle Mall". The Wall Street Journal. Retrieved June 16, 2010.
  12. ↑ Cobb, Dawn and Candace Carlisle (September 23, 2010). "New hands guide mall". Denton Record-Chronicle. Retrieved April 12, 2011.
  13. ↑ "Wards gap to be filled at North East Mall; Lord &Taylor store set to open next year will be Tarrant's first". Fort Worth Star-Telegram. April 13, 2001. p. 1. Retrieved June 16, 2010. May will convert the former Ward's location at Golden Triangle Mall in Denton into a Foley's, according to the company.
  14. ↑ Wethe, David (January 3, 2003). "Work under way on Denton Foley's". Dallas Business Journal. Retrieved June 16, 2010.
  15. ↑ http://inthenews.unt.edu/sites/default/files/PDF/2002/11/24/11_24_2002_DRC_Bittersweet.pdf
  16. ↑ Directory of major malls. MJJTM Publications Corp. 1990. p. 592.
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